Sunday, May 10, 2020

NQ Guideline For Monday

A narrow-range up day for NQ on Friday. The short continued to cover, and without buyers except for the short-covering plus the Fed, we could see NQ continuing to rally in a choppy narrow-range pattern
 
Intraday Line-in-the-Sand for NQ on Monday will be Friday swing high at 9220.
-- NQ is bullish above 0220 with the next upside target at 9270-9320 zone.
-- Target on a break-back below 9220 is the 200-ma on the 5-minute chart, 9120